Author
Saqib Iqbal
Bio

Saqib Iqbal is a financial market analyst, serving the industry since 2011. The author is a mentor, providing training to individuals and organizations. Moreover, Saqib is a successful proprietary funds trader, managing a six-figure sum with an average annual ROI of 45%.


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Fundamental Analysis

Middle East Tensions Boost Safe Haven Gold

Gold rose for the third consecutive session on Thursday due to increasing Middle East tensions, driving up demand for safe-haven assets. Moreover, Federal Reserve Chair Jerome Powell’s comments fueled optimism that the US central bank might pause rate hikes.  Meanwhile, Israel conducted more airstrikes on Gaza, with British Prime Minister Rishi Sunak echoing US President Read More…

Fundamental Analysis

Oil Prices Soar 2% on Storage Drawdown and Supply Fears

Oil prices surged by approximately 2% to reach a two-week high on Wednesday. This increase was driven by a larger-than-expected drawdown in US oil storage and concerns about global oil supplies.  During the week ending on October 13, US Energy Information Administration (EIA) reported that energy companies removed 4.5 million barrels of crude oil from Read More…

Fundamental Analysis

Equities End Mixed as Treasury Yields Soar, Chipmakers Stumble

US equities ended mixed on Tuesday, with the Nasdaq closing lower, while the Dow and S&P 500 remained nearly unchanged. These moves were due to rising Treasury yields and a drop in the shares of chipmakers after the Biden administration announced it would halt shipments of advanced artificial intelligence chips to China. The Philadelphia SE Read More…

Fundamental Analysis

Earnings Season Optimism Drives Surge in Equities

On Monday, US equities surged, driven by investor optimism for the start of earnings season. Moreover, transportation and small-cap shares gained, further boosting optimism. Still, investors remained cautious as Israeli forces continued to bombard Gaza, with cease-fire efforts failing and thousands, including many women and children, losing their lives. Global leaders are working to contain Read More…

Fundamental Analysis

Currency Futures Decline as Dollar Gains on High Inflation, Safe Haven Demand

Currency futures were on the back foot on Friday as the US dollar reached a one-week high amid expectations of Fed hawkishness. Robust US inflation data reinforced expectations that the Federal Reserve might need to maintain higher interest rates for longer. In September, the consumer price index (CPI) increased by 0.4%, keeping the annual rate Read More…

Fundamental Analysis

Gold Prices Fall as the Dollar and Treasury Yields Rally

On Thursday, gold prices dropped as the dollar and Treasury yields rose. This followed higher-than-expected US consumer price increases in September, which raised concerns about the Federal Reserve maintaining elevated interest rates. US inflation (Source: Bureau of Labor Statistics) The Labor Department’s report released on Thursday revealed that the annual increase in consumer prices last Read More…

Fundamental Analysis

Oil Prices Plummet Over 2% on Eased Middle East Tensions

On Wednesday, oil prices dropped more than 2% as concerns about supply disruptions due to Middle East conflicts eased. Moreover, Saudi Arabia, the leading OPEC producer, pledged to stabilize the market.  Prices for Brent and WTI had surged over $3.50 per barrel on Monday, driven by worries that the Israel-Palestine clashes might escalate, causing global Read More…

Fundamental Analysis

Equities Finish Strong on Federal Reserve’s Dovish Tone

US equities ended higher on Tuesday, marking their third consecutive day of gains. This rise followed dovish statements from US Federal Reserve officials, which caused Treasury yields to drop. At the same time, investors were cautiously monitoring the situation in the Middle East. Atlanta Fed President Raphael Bostic asserted that there was no need for Read More…
Fundamental Analysis

Equities Rise with Energy Stocks Amid Geopolitical Tensions

US equities closed higher on Monday as energy stocks surged with oil prices following the latest updates on the Israel-Palestinian conflict. The Israeli military took steps, including calling up reservists and imposing a total blockade on the Gaza Strip. It indicates possible plans for a ground assault against Hamas, which launched a deadly attack over Read More…

Fundamental Analysis

Currency Futures Rise as Dollar Dips in the Wake of the US Jobs Report

On Friday, currency futures gained as the US dollar declined slightly against various currencies after the latest jobs report. The report indicated a widespread increase in US hiring for September but also highlighted a deceleration in wage growth.  For the week, the dollar index experienced a 0.1% decrease, ending an 11-week streak of gains. This Read More…